Deutsche Bank set for investor scrutiny as short sellers circle

Frankfurt

DEUTSCHE Bank AG's John Cryan will try to convince investors this week that his efforts to turn around Europe's biggest securities firm will succeed. It is a narrative that is becoming harder to sell.

The quarterly update on Wednesday comes nine months after Mr Cryan announced plans to cut thousands of jobs and shrink risky assets to boost profitability and capital levels. The chief executive officer has since had to put the sale of German consumer lender Deutsche Postbank AG on hold, scrap the development of a "digital bank" and contend with the departure of several senior bankers.